Bad Credit Auto Financing
Bad Credit Car Loans in Washington
Having bad credit can make it challenging to get financed for a reliable vehicle. But at Bud Clary Auto Group, we understand bad credit happens to good people. That's why we work with local credit unions through CUDL that offer car loans for people with bad credit.
If you have bad credit, don't assume you can't get approved for a car loan. At our 14 dealerships across Washington, we have access to lending programs that say yes when others say no. Here is an overview of how our bad credit auto financing process works and how we can help get you driving, even with less-than-perfect credit.
Credit Scores We Work With
Bud Clary happily works with all kinds of credit scores, no matter your situation:
- Subprime (below 580)
- Poor Credit (580 - 669)
- Fair Credit (670 - 719)
- Good Credit (719+)
We have special relationships with lenders that provide auto financing to customers with scores as low as 500. So we encourage you to apply, even if you have subprime or poor credit scores.
Tips to Improve Your Chances
If your credit score is on the lower side, take these steps when applying to increase your odds of getting financed:
- Put down a larger down payment of 20% or more
- Provide ample proof of your stable income
- Bring in a co-signer with established credit if possible
- Apply for one of our quality, budget-friendly used vehicles
Taking these actions shows lenders you are financially committed and can handle the loan responsibility.
What Do Lenders Look For?
When our finance team submits your application to our network of special finance lenders, here is what they primarily look for:
- Your credit score - while not great, it just has to meet their minimum
- Your down payment amount - the more you put down, the better
- Proof of steady income - enough to afford the monthly payments
- A possible co-signer, if needed
As long as you can meet the lender's requirements, we can usually get an approval for you.
We Work with Local Credit Unions Through Direct Lending
The advantage of shopping with us at Bud Clary is that we are a CUDL (Credit Union Direct Lending) dealer, giving us access to auto financing from local credit unions. Credit unions offer great loan rates and are often more likely to approve those with poor credit.
We will submit your application through our CUDL network to find the right credit union to approve you. And because we have access to so many credit union lending partners, we can usually find you the most competitive loan terms and monthly payments for your situation.
Check Your Credit Score Before Applying
It's always a good idea to check your credit score from all three bureaus before applying for any auto loan. Use sites like Credit Karma or myFICO to get free estimated scores. These are typically close to your real scores but may be off by a small amount.
Remember these are just estimates. Getting a sense of your credit score ahead of time allows you to set proper expectations on interest rates and approval odds when applying for a car loan. By law you can get one free credit report showing your real FICO score every 12 months. Checking your score via sites like Credit Karma does not negatively impact your credit.
Knowing your latest credit score helps you be prepared when you apply for financing. Please ask us if you need help checking your credit before starting the application process!
You Deserve a Second Chance
The first step is to come to our dealership or apply for a credit application online for free. This allows us to verify your information and credit so we can start presenting your case to our lending partners right away.
Don't let poor credit stop you from getting the car you need. Our finance specialists are experts at helping applicants with credit challenges get approved for auto loans. If you have any questions, contact us and discover the Bud Clary difference!
Bad Credit FAQs
Can I get guaranteed auto financing with bad credit?
No dealership can guarantee approval, but our lender network specializes in helping credit-challenged customers secure financing.
What’s the minimum credit score for auto financing?
Some lenders accept applications with scores as low as 500.
What is a good credit score to purchase a car?
Generally, a score of 670 or higher is considered good for car financing, but approvals can happen at lower scores depending on the lender. Interest rates and terms vary. Our finance department can explain what options may be available for your situation.
Do I need a down payment?
Yes. While the required amount varies, putting down more improves your odds.
Can I finance a used car with bad credit?
Yes. In fact, many lenders prefer financing used vehicles because loan amounts are lower.
How quickly can I get approved?
Many applicants receive approval the same day they apply.
Can I get a loan with no credit?
Yes, it is possible. Many first-time buyers with no credit history are approved through lenders that focus on new borrowers. Having a co-signer or proof of income can make approval easier. Speak with our finance team to see which programs may fit your situation.
How to get a car with bad credit history?
If you have a history of late payments or collections, lenders may still approve your application by looking at your current income, recent credit behavior, and down payment amount. Every case is different, so we recommend applying with Bud Clary Auto Group to explore your options.
New & used cars, trucks, & SUVs in Auburn, Longview, Moses Lake, Washougal & Yakima, WA
Westlie Ford
Street address:
40 S Marina Way
Washougal, WA 98671
Phone:
| Day | Sales Hours |
|---|---|
| Monday | 8:30 AM - 7:00 PM |
| Tuesday | 8:30 AM - 7:00 PM |
| Wednesday | 8:30 AM - 7:00 PM |
| Thursday | 8:30 AM - 7:00 PM |
| Friday | 8:30 AM - 7:00 PM |
| Saturday | 8:30 AM - 7:00 PM |
| Sunday | 10:00 AM - 6:00 PM |